With this method, a coupon security is distributed at account level on the Single Platform, generally (but not always) on the payment date of the cash distribution. The distribution is based on each holder's position on the record date. Thereafter, coupons can be transferred between clients, primarily for market claim purposes, and can be presented to the paying agent in exchange for cash.

Look at other dictionaries:

classic payment method — With this method, a coupon security is distributed at account level on the Single Platform, generally (but not always) on the payment date of the cash distribution. The distribution is based on each holder s position on the record date.… … Financial and business terms

international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… … Universalium

Europe, history of — Introduction history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… … Universalium

biblical literature — Introduction four bodies of written works: the Old Testament writings according to the Hebrew canon; intertestamental works, including the Old Testament Apocrypha; the New Testament writings; and the New Testament Apocrypha. The Old… … Universalium